Top News
Airfares set to rise in August as CAB hikes fuel surcharge
Travelers should brace for higher airfares in August following the Civil Aeronautics Board’s (CAB) announcement Friday raising fuel surcharges to Level 4 for both domestic and international flights.
Philippine population growth falls to historic low in 2024
Despite alarming spikes in teenage pregnancies, the Philippines’ population growth has plunged below 1 percent in 2024—probably its lowest rate since World War II—threatening to erode what has long been its most potent economic force: its people power.
Proposed US remittance tax raises concerns over impact on dollar inflows
A proposed 1 percent tax on overseas remittances currently being deliberated in the US Congress has sparked concern among Philippine policymakers, given its potential to reduce a key source of foreign exchange for the economy—even as only a minority of Filipinos directly receive such remittances.
Resilient OFW inflows boost May remittances to $2.66B
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
Ancillary service costs push up NGCP rates, hit Meralco customers
The National Grid Corporation of the Philippines (NGCP) reported a 5.49 percent increase in transmission rates for the June 2025 supply month, driven by a 9.32 percent hike in ancillary services (AS) costs.
